| Schedule of Fair Value on a Recurring Basis by Level within the Fair Value Hierarchy |
The Company’s financial assets that are measured at
fair value on a recurring basis by level within the fair value hierarchy are as follows:
| | |
As of March 31, 2026 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Assets: | |
| | |
| | |
| | |
| |
| Marketable Securities | |
| 120 | | |
| - | | |
| - | | |
| 120 | |
| Total assets | |
| 120 | | |
| - | | |
| - | | |
| 120 | |
| | |
As of December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Assets: | |
| | |
| | |
| | |
| |
| Marketable Securities | |
| 250 | | |
| - | | |
| - | | |
| 250 | |
| Total assets | |
| 250 | | |
| - | | |
| - | | |
| 250 | |
The Company’s financial liabilities
that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:
| | |
As of March 31, 2026 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Liabilities: | |
| | |
| | |
| | |
| |
| Derivative liability | |
- | | |
- | | |
110 | | |
110 | |
| September 2025 Private Placement Warrant | |
| | | |
| | | |
| 12,691 | | |
| 12,691 | |
| February 2026 Warrants | |
| - | | |
| - | | |
| 43,503 | | |
| 43,503 | |
| Total liabilities | |
| - | | |
| - | | |
| 56,304 | | |
| 56,304 | |
| | |
As of December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Liabilities: | |
| | |
| | |
| | |
| |
| September 2025 Private Placement Warrant | |
| - | | |
| - | | |
| 24,521 | | |
| 24,521 | |
| Total liabilities | |
| - | | |
| - | | |
| 24,521 | | |
| 24,521 | |
|
The Company’s financial assets
that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:
| | |
As of December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| Assets: | |
| | |
| | |
| | |
| |
| Marketable Securities | |
| 250 | | |
| - | | |
| - | | |
| 250 | |
| Total assets | |
| 250 | | |
| - | | |
| - | | |
| 250 | |
The Company’s financial liabilities
that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:
| | |
As of December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| Liabilities: | |
| | |
| | |
| | |
| |
| September 2025 Private Placement
Warrant | |
| - | | |
| - | | |
| 24,521 | | |
| 24,521 | |
| Total liabilities | |
| - | | |
| - | | |
| 24,521 | | |
| 24,521 | |
| | |
As of December 31, 2024 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| | |
US$ | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Embedded Derivative Liability | |
| - | | |
| - | | |
| 848 | | |
| 848 | |
| June 2024 Warrants | |
| - | | |
| - | | |
| 5,334 | | |
| 5,334 | |
| November 2024 Warrant | |
| - | | |
| - | | |
| 12,468 | | |
| 12,468 | |
| Pre-funded Warrants | |
| - | | |
| - | | |
| 52,682 | | |
| 52,682 | |
| Private Placement Warrant | |
| - | | |
| - | | |
| 94,287 | | |
| 94,287 | |
| Total liabilities | |
| - | | |
| - | | |
| 165,619 | | |
| 165,619 | |
|
| Schedule of Fair Value of the Level 3 Liabilities was Determined using Valuation Models |
The fair value of the Level 3 liabilities was determined using valuation
models. Significant unobservable inputs include expected volatility, expected term, risk-free interest rate and discount rates.
| | |
Private Placement Warrant | | |
February 2026 Warrants | | |
Derivative liabilities | | |
Total | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Outstanding at December 31, 2025 | |
| 24,521 | | |
| - | | |
| | | |
| 24,521 | |
| Additions | |
| - | | |
| 25,429 | | |
| - | | |
| 25,429 | |
| Liabilities assumed in part of subsidiary consolidated for the first time | |
| - | | |
| - | | |
| 8,779 | | |
| 8,779 | |
| Exercised | |
| (4,960 | ) | |
| - | | |
| (3,153 | ) | |
| (8,113 | ) |
| Changes in fair value | |
| (6,870 | ) | |
| 18,074 | | |
| (5,516 | ) | |
| 5,688 | |
| Outstanding at March 31, 2026 | |
| 12,691 | | |
| 43,503 | | |
| 110 | | |
| 56,304 | |
|
The following table presents the changes
in fair value of the level 3 fair value measurements of the Company’s liabilities for the period from December 31, 2024 through
December 31, 2025.
| | |
Embedded Derivative Liability | | |
June 2024 Warrants | | |
November 2024 Warrants | | |
Pre-funded Warrants | | |
Common Stock Warrant | | |
Private Placement Warrant | | |
Total | |
| Liabilities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Outstanding at December 31, 2024 | |
| 848 | | |
| 5,334 | | |
| 12,468 | | |
| 52,682 | | |
| 94,287 | | |
| - | | |
| 165,619 | |
| Additions | |
| - | | |
| | | |
| | | |
| - | | |
| - | | |
| 23,435 | | |
| 23,435 | |
| Exercised | |
| (260 | ) | |
| (1,054 | ) | |
| (2,079 | ) | |
| (10,229 | ) | |
| (18,557 | ) | |
| - | | |
| (32,179 | ) |
| Changes in fair value | |
| (588 | ) | |
| (4,280 | ) | |
| (10,389 | ) | |
| (42,453 | ) | |
| (75,730 | ) | |
| 1,086 | | |
| (132,354 | ) |
| Outstanding at December 31, 2025 | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 24,521 | | |
| 24,521 | |
| | |
Embedded Derivative Liability | | |
June
2024 Warrants | | |
November 2024 Warrants | | |
Pre-funded Warrants | | |
Common Stock Warrant | | |
Private Placement Warrant | | |
Total | |
| Liabilities: | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Outstanding at October 1, 2024 | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Additions | |
| 223 | | |
| 283 | | |
| 664 | | |
| 5,085 | | |
| 18,153 | | |
| - | | |
| 24,408 | |
| Changes in fair value | |
| 625 | | |
| 5,051 | | |
| 11,804 | | |
| 47,597 | | |
| 76,134 | | |
| - | | |
| 141,211 | |
| Outstanding at December 31, 2024 | |
| 848 | | |
| 5,334 | | |
| 12,468 | | |
| 52,682 | | |
| 94,287 | | |
| - | | |
| 165,619 | |
|